BOC Aviation’s lease commitments and aircraft sales down in Q4

BOC Aviation signed fewer lease commitments and extensions in 2020’s Q4 than in the same period of 2019, and its aircraft sale activity likewise declined. The Singapore-based lessor signed 12 lease commitments and extensions during the three months ended 31 December 2020, compared with 37 lease commitments a year earlier. However, it increased its total lease commitments and extensions in 2020, with 102 last year compared with 87 in 2019. BOC Aviation sold two owned aircraft in 2020’s fourth quarter, bringing the total number of owned aircraft sold during that year to 12. By contrast, it had sold six owned aircraft in 2019’s fourth quarter and 28 during the whole of 2019. That year it also sold two managed aircraft on behalf of third-party investors. The lessor took delivery of 25 aircraft in Q4 2020 and a total of 54 across the entire year, including one acquired by an airline customer on delivery. In 2019, it had taken delivery of 20 aircraft in Q4 and 54 across the entire year, including 12 acquired by airline customers upon delivery. “We are pleased to record a robust operational performance in 2020, executed in a challenging environment,” states BOC Aviation CE Robert Martin.<br/>